Investors should continue to hold bonds within their portfolio to offset the risks of the share market but reconsider the types of bonds they hold ahead of the expected global economic downturn, according to a US based investment firm.

Payden & Rygel portfolio manager Eric Souders said bonds still held a place within an investment portfolio as they offered returns on a risk adjusted basis alongside riskier share allocations but the traditional 60/40 shares to bonds allocation should be adjusted to include more multi-asset strategies.

Read the article on